LANDNET, The Current Fiscal Year Ordinary Profit Revised Upward by 22%, Raises Record High Profit Forecast

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Mon Mar 10, 2025 2:00 pm JST Earnings

2991 LANDNET Inc. 【J-GAAP】

Earnings Report

LANDNET Inc. <2991> [TSE Std] announced its financial results in the afternoon session on March 10th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending July 2025 (August 2024 to January 2025) surged 2.1 times that of the same period last year, reaching 1.82 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 21.8%, from the previous forecast of 2.82 billion yen to 3.43 billion yen (compared to 2.51 billion yen in the previous period), increasing the growth rate from 12.0% to 36.5%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the February to July period (2H) is expected to decrease 1.5% from the same period last year to 1.61 billion yen.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 15.75 yen to 19.55 yen (compared to 30.75 yen before the 2-for-1 forward stock split in the previous period).

In the most recent three-month period, from November to January (2Q), the consolidated ordinary profit increased 48.7% from the same period last year, reaching 1.04 billion yen. The operating profit margin improved from 4.0% in the same period last year to 4.6%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Aug - Jan, 2022	30,784	965	904	561	47.3	66.4	Mar 10, 2023	J-GAAP
Aug - Jan, 2023	36,370	1,029	884	573	48.2	35.1	Mar 8, 2024	J-GAAP
Aug - Jan, 2024	46,361	2,027	1,827	1,185	99.2	53.2	Mar 10, 2025	J-GAAP
YoY	+27.5%	+97.0%	+106.7%	+106.8%	+105.9%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug - Jan, 2024 Guidance	ー	ー	ー	ー	－	0	Sep 9, 2024	J-GAAP
Aug - Jan, 2024 Results	46,361	2,027	1,827	1,185	99.2	0	Mar 10, 2025	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul, 2025 Prev	96,241	3,262	2,821	1,881	157.2	15.75	Oct 15, 2024	J-GAAP
Jul, 2025 New	98,241	3,847	3,437	2,332	195.0	19.55	Mar 10, 2025	J-GAAP
Revision Rate	+2.1%	+17.9%	+21.8%	+24.0%	+24.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb - Jul, 2024	41,420	1,756	1,634	1,267	106.3	15.38	Sep 9, 2024	J-GAAP
Feb - Jul, 2025 Guidance	51,880	1,820	1,610	1,147	95.9	19.55	Mar 10, 2025	J-GAAP
YoY	+25.3%	+3.6%	-1.5%	-9.5%	-9.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul, 2023	63,647	1,520	1,362	988	83.1	9.25	Sep 8, 2023	J-GAAP
Jul, 2024	77,790	2,785	2,518	1,840	154.4	15.38	Sep 9, 2024	J-GAAP
Jul, 2025 Guidance	98,241	3,847	3,437	2,332	195.0	19.55	Mar 10, 2025	J-GAAP
YoY	+26.3%	+38.1%	+36.5%	+26.7%	+26.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Nov - Jan, 2023	19,044	765	702	451	37.9	4.0	Mar 8, 2024	J-GAAP
Feb - Apr, 2024	18,842	517	447	299	25.1	2.7	Jun 7, 2024	J-GAAP
May - Jul, 2024	22,578	1,239	1,187	968	81.2	5.5	Sep 9, 2024	J-GAAP
Aug - Oct, 2024	22,049	903	783	501	42.0	4.1	Dec 9, 2024	J-GAAP
Nov - Jan, 2024	24,312	1,124	1,044	684	57.2	4.6	Mar 10, 2025	J-GAAP
YoY	+27.7%	+46.9%	+48.7%	+51.7%	+51.0%